Bank of England Money and Credit statistics

The Bank of England’s Money and Credit statistics for November 2022 highlight that:

• Consumers borrowed an additional £1.5 billion in consumer credit, on net, above the £0.7 billion borrowed in October – driven by an additional £1.2 billion of credit card borrowing and an additional £0.3 billion through other forms of consumer credit (such as car dealership finance and personal loans).
• Net borrowing of mortgage debt by individuals increased from £3.6 billion to £4.4 billion in November.
• Mortgage approvals for house purchases decreased to 46,100 in November from 57,900 in October, the lowest level since June 2020 (40,500).

Source : Bank of England